Good morning everyone. On Stockhead today, Josh Chiat looks at what’s moving and shaking iron ore and coal markets right now, there’s been another giant IPO failure in Honkers, and an Aussie defence stock that might be seriously undervalued – according to experts. Not us.
Here’s the other stuff you need before you get stuck in.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,390.60 (+0.47%)
Silver: US$28.68 (+1.58%)
Nickel (3mth): US$19,469.00/t (+4.90%)
Copper (3mth): US$9,707.07/t (+2.55%)
Oil (WTI): US$83.14 (+0.50%)
Oil (Brent): US$87.29 (+0.21%)
Iron 62pc Fe: US$108.25/t (+0.28%)
AUD/USD: 0.6413 (-0.13%)
Bitcoin: US$64,827.10 (-0.22%)
WHAT GOT YOU TALKING
For once, it actually came in close to 10am:
The best (and worst) performing #ASX #stocks in morning trade using live data. https://t.co/RAkiL607dO
— Stockhead (@StockheadAU) April 23, 2024
YESTERDAY’S ASX SMALL CAP LEADERS
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Code Name Price % Change Volume Market Cap OSX Osteopore Limited 0.380 130% 2,283,433 $1,704,234 AUG Augustus Minerals 0.040 33% 6,849,513 $2,561,100 E33 East 33 Limited. 0.017 31% 1,480,796 $6,982,153 SRT Strata Investment 0.180 29% 54,353 $23,719,301 RCR Rincon 0.041 24% 16,106,663 $7,297,995 DMG Dragon Mountain Gold 0.011 22% 26,326 $3,552,045 M4M Macro Metals Limited 0.017 21% 20,944,475 $45,248,935 SUM Summitminerals 0.120 21% 4,435,551 $4,718,056 ZNO Zoono Group Ltd 0.060 18% 72,351 $10,899,927 LU7 Lithium Universe Ltd 0.027 17% 837,900 $9,469,029 JBY James Bay Minerals 0.210 17% 73,059 $5,877,900 ORN Orion Minerals Ltd 0.021 17% 9,895,032 $105,233,124 H2G Greenhy2 Limited 0.007 17% 395,494 $2,512,535 TMK TMK Energy Limited 0.004 17% 3,455,709 $20,267,144 TSI Top Shelf 0.185 16% 23,531 $33,388,138 FFF Forbidden Foods 0.015 15% 256,754 $2,953,905 MXO Motio Ltd 0.023 15% 34,247 $5,363,967 AXN Alliance Nickel Ltd 0.039 15% 241,866 $24,678,547 FHS Freehill Mining Ltd. 0.008 14% 1,128,755 $20,970,911 GTI Gratifii 0.008 14% 3,164,226 $11,284,315 PL3 Patagonia Lithium 0.120 14% 10,000 $5,158,493 APS Allup Silica Ltd 0.048 14% 83,355 $1,616,038 L1M Lightning Minerals 0.103 14% 827,842 $3,800,256 CY5 Cygnus Metals Ltd 0.083 14% 518,412 $21,283,817
Augustus Minerals (ASX:AUG) says it may have have its copper targets at Tiberius and Claudius after releasing its rock chip assays. Assays include a ripping 17.8% copper and 282g/t silver at Tiberius, which is currently 3m wide and 200m along strike. At Claudius, 11km to the south, results have outlined a number of parallel zones over 100m by 300m at grades of up to 6.6% Cu and 86g/t Ag.
Rincon Resources (ASX:RCR) jumped after reporting news of a string of new gravity targets to prioritise for drilling around its West Arunta ground. Those four new prospects are called K1, K2, Sheoak and Avalon, with three existing targets in the Pokali iron-oxide copper-gold prospect at Arrow, Dune and Surprise also enhanced by the ground gravity surveys. A program of works application has been submitted with WA’s mines regulator to enable RC drilling at all targets.
James Bay Minerals (ASX:JBY) says a field program is expected to start in the next four weeks to follow up airborne surveys, data from neighbouring properties and desktop studies completed since last year’s listing. “Our focus now is on ensuring that we target low-hanging fruit across all areas of the La Grande Project. This will ensure that we deploy capital efficiently on well-established targets,” said JBY’s executive director, Andrew Dornan.
And Osteopore (ASX:OSX) popped big on news of the start of first-in-human clinical trials for knee preservation in Singapore, where the medtech specialises in “3D-printed biomimetic and bioresorbable” implants. Its first patient was treated for knee preservation with Heparan Sulphate 3 (HS3) and aXOpore via a High Tibial Osteotomy (HTO) at the National University Hospital (NUH), Singapore.”
YESTERDAY’S ASX SMALL CAP LAGGARDS
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Code Name Price % Change Volume Market Cap JAV Javelin Minerals Ltd 0.001 -50% 1 $4,352,462 ERL Empire Resources 0.002 -33% 5,000 $3,338,805 MHC Manhattan Corp Ltd 0.002 -33% 6,000 $8,810,939 ATP Atlas Pearls Ltd 0.115 -32% 7,918,912 $73,715,804 ME1 Melodiol Glb Health 0.004 -30% 86,985,178 $2,690,966 MRD Mount Ridley Mines 0.002 -25% 5,359,482 $15,569,766 MTL Mantle Minerals Ltd 0.002 -25% 1,107,353 $12,394,892 HAL Halo Technologies 0.090 -25% 294,573 $15,436,367 HTA Hutchison 0.028 -22% 59,875 $488,610,309 BYE Byron Energy Ltd 0.060 -22% 2,642,348 $83,066,482 VIT Vitura Health Ltd 0.125 -22% 12,112,811 $92,139,806 GBZ GBM Rsources Ltd 0.012 -20% 5,585,365 $17,350,333 EXL Elixinol Wellness 0.004 -20% 17,564,470 $6,505,370 IS3 I Synergy Group Ltd 0.004 -20% 1,233,334 $1,520,402 MOM Moab Minerals Ltd 0.004 -20% 1 $3,559,815 NRZ Neurizer Ltd 0.004 -20% 8,734,375 $7,507,054 ODE Odessa Minerals Ltd 0.004 -20% 501,348 $5,216,413 NMR Native Mineral Res 0.023 -18% 225,145 $5,875,814 PAA Pharmaust Limited 0.240 -17% 6,370,811 $114,553,964 AS1 Asara Resources Ltd 0.010 -17% 1,701,647 $10,586,104 AYT Austin Metals Ltd 0.005 -17% 434,474 $7,711,148 MCT Metalicity Limited 0.003 -17% 1,250,001 $13,455,161 NTM Nt Minerals Limited 0.005 -17% 128,571 $5,159,417 OAU Ora Gold Limited 0.005 -17% 2,000,000 $34,836,005 OSL Oncosil Medical 0.005 -17% 11,980,500 $13,533,247
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